Hey, gang! To have success in life is not about always gaining, it’s about letting go. That’s the key thing about success- it’s letting go more than gaining. A perfect example is the influences you are around: your friends, your family. Are they positive? Are they negative? Do they drain you? A great example to know who is positive in your life is take success, no matter how small or how big, to your friends and family.
If they pat you on the back, it means they are positive people. If they bring you down for whatever reasons, because they are not successful or because they are not happy to see your success or for whatever reason in their own mind they reflect negativity to you, then it’s time to move forward. Let me give you an example. Just today I went to a friends house, I told him about a success I just had, when I bought a house 5-6 years ago for subject to for just a couple of grand and then I ended up selling this house today on the market for $21 000 more for what I had listed on the MLS.
Again, my asking price was $126 000 and I was able to sell for $147 000, so I made $21 000 more than the listing price was, which was a great deal. On top of that, I was cash flowing a couple hundred dollars a month on this property for the past 5-6 years, which is a significant amount of money if you add that. On top of that, I bought this property at a deep fucking discount, very deep.
On top of that, I didn’t create the financing, which means I didn’t have to come up with the cash for this property. I came up with less than $5000 to buy this property. The rest was just monthly payments. In a nutshell, that was a home run. It was an amazing deal, a type of deal that you put into books. In my friends mind, all he saw was negativity.
He tried to persuade me how I just got ripped off and you know I just turned around and thought to myself ‘I just hit a home run and instead of patting me on the back, you are coming up with 20 different reasons, why this was not a home run’. Dude, where can you go in America can you put $5000 in and make $75 000 in profit and then sell your home $21 000 more and then get a non-recourse loan, which means I didn’t have to put my credit up in line. Two, I didn’t have to come up with all the cash.
Three, I made a significant cash flow over 5-6 years and then I got $21 000 more than I originally wanted. So to me, man, that’s a fucking home run. But if you are hanging around people that are negative, doesn’t matter if they are friends and family or you grew up with them, they start putting seeds of doubting you and you start questioning yourself.
What I learned today is, it doesn’t matter who you are, if you are not happy for my successes, if you are not patting me on the back- I am going to cut you off. It doesn’t matter if you are my friend or my family.
I’ve known you for 20 years- it doesn’t matter. For me to be able to become successful, I have to be able to let go of people that are not going to encourage me or at least pat me on my back, when I actually hit a home run, when I get into the hall of fame.
All right, gang, go out there and hustle and bustle.
Don’t take ‘no’ for answer.
This is Mike with My Real Estate DOJO, have a great day!